8 Budgeting Hacks for Millennials Due to high levels of debt and student loans, Millennials have a tough time budgeting. These tips can help you develop good financial habits. 1. Track your spending 2. Look at bank statements 3. Keep track of your subscriptions 4. Invest your spare change 5. Use cash 6. Don't ignore your debt 7. Try the 50-20-30 Plan 8. Start planning for retirement